Work out your tax for the 2026 financial year. Defaults to 2025-26, the return most people are lodging now, with the current 2026-27 year also available.
The same income, taxed under each year's rules.
| Year | Tax | Take-home | vs selected |
|---|
The 2025-26 financial year ran from 1 July 2025 to 30 June 2026 and used the same rates as the year before. The change came on 1 July 2026, when the lowest rate was cut again as the next stage of the legislated tax cuts.
Unchanged from 2024-25: 16%, 30%, 37% and 45%, with thresholds at $45,000, $135,000 and $190,000.
From 1 July 2026 the rate on income between $18,201 and $45,000 fell by one percentage point.
That band is $26,800 wide, so a full percentage point is $268 a year for anyone earning above $45,000.
Returns for 2025-26 are due by 31 October 2026, or later through a registered tax agent.
Resident individual rates. These figures exclude the 2% Medicare levy.
| Taxable income | Tax on this income |
|---|
Both are offered here. The 2025-26 year ended on 30 June 2026 and is the return most people are lodging now. The 2026-27 year started on 1 July 2026 and is the one your current pay falls in. The rates differ between them, so the choice matters.
Nil up to $18,200, then 15% to $45,000, 30% to $135,000, 37% to $190,000, and 45% above that. The 2% Medicare levy applies on top for most residents.
Up to $268 a year. The rate on the $18,201 to $45,000 band fell from 16% to 15%, and that band is $26,800 wide, so one percentage point is $268. Anyone earning above $45,000 gets the full amount, and below that you get one percent of the income above $18,200.
31 October 2026 if you lodge it yourself. If you use a registered tax agent and are on their books before that date, you can usually have until 15 May 2027. Most electronically lodged returns are processed within about two weeks.
Estimate only. This calculator assumes an Australian resident individual for the full financial year. It does not include the Medicare levy surcharge, private health insurance rebate, SAPTO, capital gains, foreign income or business income.
It is general information, not tax advice. For advice on your circumstances, speak to a
registered tax agent.
Rates last verified: 9 September 2026.
